• Becker says NAFCU is becoming a stronger association

    ARLINGTON, Va.-Despite the conversions from federal to state charters, which NAFCU President and CEO Fred Becker believes is slowing or possibly stopping, NAFCU is still going strong and making improvements to the federal credit union environment, as well as to itself. Becker predicted that credit unions should be able to...

  • Credit union members hold fast to long-term investing, others turn back to cash

    MADISON, Wis. - For the first time since the last quarter of 1999, the Nasdaq, S&P 500 and Dow Jones Industrial Average have seen gains of 5 to 17% thanks in part to several Fed cuts, a liquidity surplus and the move of some investors out of cash and into...

  • Eased underwriting standards come back to haunt mortgage lenders

    WEST PALM BEACH, Fla. - Take a high rate of home ownership, made possible in some cases by liberal programs intended to help people into their first homes. Combine with a sluggish economy and rising unemployment. The result, according to some observers, is a recipe for rising mortgage delinquency. The...

  • SCCUs cross-subsidizing FCUs: Boeing ECU report on NCUA, NCUSIF

    WASHINGTON - Even before he began speaking, the title of Professor Lawrence White's report-"Caught in a Regulatory Vise: The Peculiar Problem Faced by Federally Insured State Chartered Credit Unions"-hinted at the key finding of his study: the regulatory structure of the NCUA and the NCUSIF is not only placing the...

  • Texans CU teams up with IT firm to create a truly integrated enterprise-wide solution

    RICHARDSON, Texas - There are a lot of credit union IT products built for credit unions, but few are built with a credit union's help during each step of development. That's what been happening here at Texans CU over the last two years. Not only did Texans CU change its...

  • Retirement can't keep Hutchinson from being involved in the CU movement

    WESTERLY, R.I. - John Hutchinson turned 80 in January and retired as president/CEO from Hamilton Sundstrand Federal Credit Union in Windsor Locks, Conn. more than 10 years ago, but this former NAFCU pioneer and credit union icon is still called on by industry notables for congressional testimony and expertise. At...

  • With plaudits to NCUA Board, now is time to "Pick up the Pace"

    It is annual conference time here at NAFCU, a time for taking stock of where we are as a community and where we are headed. As credit union leaders convene in Orlando to discuss the important issues facing our institutions, we need to keep in perspective what is possible for...

  • NAFCU has strengths and weaknesses

    The NAFCU Annual Conference and Exhibition is going on this week in Orlando. What better time to reflect on NAFCU's strengths and weaknesses than when its entire leadership group and a large percentage of the group's members are all gathered together under one roof? One of NAFCU's biggest strengths is...

  • Sea change: Some CUs stay the course, while others look to investments during this lending let-down

    WEST PALM BEACH, Fla. - The past 18 months have been quite a roller-coaster ride for CU balance sheets. The story in 2000 was loan growth. Loans were up 11%, or about $30 billion, while shares increased just 6.3%, or $22.3 billion. This year the scenario is reversed. NCUA's 2001...

  • New Mexico CU League to woo teens by Web, message boards

    ALBUQUERQUE, N.M. - The New Mexico Credit Union League, convinced cyberspace is the vehicle to reach young people, is offering an innovative education package making use of teen "message boards," Web sites and youth-written newsletters to convey a pro-CU message. The program, called "CU Succeed," expects to sign up eight...